Mobile identity scoring platform Juvo has partnered with Malaysia-based mobile virtual network operator Tune Talk.
This partnership marks Juvo’s first deployment in Malaysia, and the company hopes it will improve financial inclusion across the population.
Juvo partners with mobile operators and financial institutions, using credit algorithms to identify previously anonymous prepaid subscribers and help them build financial identities so they can access basic financial services.
The company has created ‘pay later’ which helps provide progressive levels of financial solutions, beginning with airtime loans. The users gain access to higher credit based on top-up and repayment history, account information, and every day interaction.
TuneTalk offers users a low, flat-calling rate and incentives to underserved areas of the market. Through the partnership the company will boost engagement levels, increase retention and develop identity-based relationships.
The technology will be used to create a single destination for shopping, notifications, merchandising, credit extensions and account management.
Tune Talk product head Stewart Kumar said, “Greater access to connectivity has increased the appetite for digital services among our prepaid subscribers, and we have worked hard to deliver a differentiated offering that meets their unique needs.
“Juvo is in a unique position to help us transform our customer engagement, increase ARPU and support financial inclusion by creating our first lending and shopping applications. Its innovative product suite has laid the foundations for a successful digital subscriber experience with a positive social and business impact.”
Juvo received a $40m Series B funding round led by New Enterprise Associates and Wing Venture Capital last month. The company raised a $14m Series A funding round last year.
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